Source: Cailian
News of September 16th (editor 牛占林)On Monday, the three major U.S. stock indices closed up, the S&P 500 and Nasdaq indices both recorded new highs, and investors are quietly awaiting the key policy meeting of the U.S. Federal Reserve this week.
The Federal Open Market Commission (FOMC) meeting this week has become the core focus of the market after recent economic data showed a weak job market, and investors generally expect the Fed to cut interest rates by 25 basis points.
Carol Schleif, chief investment officer at BMO Family Office, said: “The market is betting on the ‘blonde girl’ scenario: the job market is weak enough to encourage the Fed to initiate a cycle of interest rate cuts instead of a single one, while not hurting overall growth.”
At the same time, the Sino-U.S. economic and trade talks also released some positive signals. According to Xinhua news agency, from September 14 to 15, local time, China-U.S. economic and trade leaders, Deputy Prime Minister Ho Li Feng and U.S. leaders, U.S. Treasury Minister Bessent and Trade Representative Griel held talks in Madrid in Spain. The two sides led by the important consensus of the two heads of state, on the economic and trade issues concerned by the two sides, had an honest, in-depth and constructive communication, and reached a basic framework consensus on properly solving TikTok-related issues, reducing investment barriers, and promoting economic and trade cooperation.
According to the CME FedWatch tool, the market’s latest pricing shows that the probability of the Fed cutting interest rates by 25 basis points is 95.8 percent, while the probability of a massive 50 basis points is only 4.2 percent.
Scott Wren, senior global market strategist at the Bank of America’s Investment Research Institute, said: “The markets are fully expecting the Fed to launch a round of interest rate cuts at this week’s meeting. Most of today’s market moves are arranged ahead of Wednesday’s announcement. This could evolve into a ‘buy expectations, sell facts’ process, but it is certain that market participants are unlikely to choose to do the Airbus 500 index before Wednesday.”
Lower interest rates may continue to support the stock market, and even though the economic outlook remains risky, investors’ enthusiasm for AI has become a major driving force in the market.
Investors will also be closely watching the U.S. Senate move to see if Steven Milan can formally take the oath as the governor of the Fed ahead of this week’s FOMC meeting.
Market Dynamics
As of the closing, the index increased 50.03 points, the increase was 0.11%, the report 45884.25 points; the index increased 207.65 points, the increase was 0.94%, the report 22348.75 points; the SIP 500 index increased 31.02 points, the increase was 0.47%, the report 6615.31 points.
The majority of ETFs in the U.S. stock industry rose, the network equity index ETFs rose 1.52%, semiconductor ETFs rose 0.94%, science and technology industry ETFs rose 0.9%, optional consumer ETFs, global science and technology equity index ETFs rose at least 0.85%, energy industry ETFs fell 0.34%, medical ETFs and banking ETFs fell 0.85%, daily consumer goods ETFs fell 1.15%.
In the 11 plates of the S&P 500 index, telecommunications plates rose by 2.33%, optional consumer plates rose by 1.1%, information technology/technology plates rose by 0.82%, and health care plates and daily consumer goods plates fell by at least 1.01%.
Popularity Expression
Major tech stocks mostly rose, with Amazon rising 1.44%, Meta rising 1.21%, Apple rising 1.12%, Microsoft rising 1.07%, and NVIDIA falling 0.04%.
Google's parent company, Alphabet, increased by 4.5 percent, completing a market value of $3.04 trillion, becoming the fourth U.S. listed company to surpass $3 trillion.
Tesla raised by 3.6 percent, the company’s CEO Musk purchased 25.7 million Tesla shares last Friday, totaling about $1 billion, the largest open market share purchase he’s ever had, and the first major increase since 2020.
Nuclear concept shares increased, Oklo increased 15.7%, Nano Nuclear increased 13% and Uranium Energy increased 10.6%. U.S. Energy Secretary Chris Wright said earlier that the United States should consider expanding its strategic uranium reserves to reduce its dependence on Russian supplies and strengthen external confidence in the long-term prospects of nuclear power.
Most of the high-profile stock increased, and the Nasdaq China Gold Range Index increased by 0.87%; the ideal car increased by more than 6%, the high-profile car increased by more than 5%, the high-profile car increased by more than 4%, the high-profile car increased by more than 2%, the high-profile car increased by Alibaba, the high-profile car increased by more than 1%, the high-profile car increased by more than 1%.
company news
Nasdaq CEO: Supporting the Corporate Revenue Reporting Cycle Reform
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Coinbase’s Base Blockchain explores the issue of new tokens
Public Blockchain Base, launched by Coinbase, is exploring the launch of a new cryptocurrency that could help raise funds for the projects it supports.Base says the token will be called a “network token”.Network tokens are often used to pay the related fees required to conduct transactions in an app on a blockchain ledger.Coinbase CEO Brian Armstrong said that this unreleased token may help a broader goal – decentralizing payments beyond traditional channels and encouraging developers to participate.
Google's advertising technology offer fails to meet U.S. Department of Justice requirements
A Google lawyer said on Monday that Google had considered selling some of its advertising technology business to address anti-monopoly concerns in Europe and the United States, but the U.S. Department of Justice’s proposal to forcibly sell its advertising trading platform demanded far more than this. Google’s outsourcing lawyer said that the Department of Justice asked for “complete technical separation and separation” of Google’s advertising trading platform AdX. The Department of Justice will hold a two-week hearing with Google on Sunday to discuss whether the company must sell a portion of its business after the judge ruled that Google illegally monopolized the two advertising technology markets.